EUR/USD fails to break 1.1700 – ING

FXStreetJan 13, 2026 11:56 AM

EUR/USD missed an opportunity to break above 1.1700, with the euro lacking momentum while the US Dollar (USD) could strengthen further on upcoming inflation data, ING's FX analyst Francesco Pesole notes.

Dollar poised for further recovery on US inflation

"Unless the Fed independence trade returns, EUR/USD might have missed its chance of a break above 1.1700 yesterday. We think US inflation can help the dollar recover further, and the euro is lacking any substantial bullish driver at this point."

"The EUR:USD 2-year swap rate gap has rewidened by 9bp since the start of the year, and is at its widest since late November. With more upside risks for USD front-end rates today, we think there could be conditions for a move to 1.160 in the coming days."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Surges 11.4% in a Single Day. Intel Shares Hit Five-Year High, What Is Driving It?

TradingKey - As Intel (INTC) announced its participation in the Musk-led Terafab superchip factory project, market excitement has continued to build. Driven by a convergence of multiple positive catalysts, the company's stock price has recently staged an impressive rally.

Why is Bitcoin Falling Today? Hormuz Strait Reopening Delays Pressure BTC Toward $70,000

Escalating Middle East tensions ahead of negotiations triggered a surge and subsequent retreat in Bitcoin prices, with $70,000 emerging as a critical watershed for bulls and bears.

SK hynix Vs. Micron: Which Memory Chip Is the Better Investment?

TradingKey - On April 9, according to industry sources, SK Hynix's 1c DRAM yield has reached 80%. The company plans to transition more than half of its capacity to the new process within the year, targeting a monthly output of 190,000 wafers by year-end, while tripling its investment in EUV equipmen

SpaceX Roadshow as Early as June, OpenAI and Anthropic IPOs in Second Half, Three Giants May Drain 2026 AI IPO Demand

TradingKey - The 2026 U.S. IPO market will face the most crowded listing window in history. Elon Musk’s SpaceX is set to launch its IPO roadshow in June, OpenAI plans to list in the fourth quarter, and Anthropic intends to go public in October. The combined financing scale of these three companies c

Why Did US Memory Chip Stocks Surge? Micron, SanDisk, Western Digital, Seagate Rally Collectively

TradingKey - On Wednesday, the U.S. memory chip sector experienced a strong rally, with Micron, SanDisk, Western Digital, and Seagate gaining collectively to become one of the standout market segments in the U.S. stock market for the day.

Featured Tools